Media headlines about DAQO New Energy Corp. (NYSE:DQ) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. DAQO New Energy Corp. earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.9545308018252 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
DAQO New Energy Corp. (DQ) traded up 3.12% during midday trading on Friday, reaching $36.73. 78,810 shares of the company were exchanged. The company has a market capitalization of $386.73 million, a PE ratio of 7.67 and a beta of 1.87. The firm has a 50-day moving average price of $30.14 and a 200-day moving average price of $24.16. DAQO New Energy Corp. has a 52 week low of $18.01 and a 52 week high of $37.74.
DAQO New Energy Corp. (NYSE:DQ) last released its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.19). The business had revenue of $76.00 million during the quarter, compared to analysts’ expectations of $71.80 million. DAQO New Energy Corp. had a net margin of 19.35% and a return on equity of 18.90%. During the same quarter last year, the company earned $1.87 EPS. Equities research analysts anticipate that DAQO New Energy Corp. will post $5.88 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Roth Capital set a $40.00 price objective on shares of DAQO New Energy Corp. and gave the company a “buy” rating in a research note on Sunday, October 22nd. Zacks Investment Research raised shares of DAQO New Energy Corp. from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Friday, September 29th. ValuEngine raised shares of DAQO New Energy Corp. from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of DAQO New Energy Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $37.67.
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About DAQO New Energy Corp.
Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions.
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